Following on from a stellar month in September all UCITS hedge fund benchmarks were positive again last month, according to indices complied by Absolute UCITS.
The managed futures index had the best return in October with 1.93% positive performance with around 90% of funds reporting as of 12 November 2010 (for more information see here). This sector also has the highest year-to-date returns with 7.72%.
Macro was the worst performing sector last month with a positive performance of 0.26%. The sector, also with 90% of funds reporting, has returned year-to-date figures of 3.81% - one of the best year-to-date figures following from the managed futures index.
European equity, the benchmark with the largest number of funds, returned 0.86% with more than three